ASSOCIATED GENERAL CONTRACTORS OF AMERICA NEW YORK STATE CHAPTER INC (EIN 141313641) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1926

Legal Domicile

Principal Officer

MICHAEL J ELMENDORF

Phone

5184561134

Tax Period

2024-01-01 to 2024-12-31

ASSOCIATED GENERAL CONTRACTORS OF AMERICA NEW YORK STATE CHAPTER INC, founded in 1926, is a micro nonprofit that reported $33K in total revenue in fiscal year 2024. Revenue fell 37% from the prior year — a significant decline worth monitoring. Expenses of $56K exceeded revenue, resulting in a 70% operating deficit.

Mission

TO PROMOTE THE SKILL, INTEGRITY AND RESPONSIBILITY OF ITS MEMBERS IN THE HIGHWAY-HEAVY-MUNICIPAL AND UTILITIES CONSTRUCTION INDUSTRY IN NYS.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $32,899

Other Revenue $0

TOTAL REVENUE $32,899

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $55,771

TOTAL EXPENSES $55,771

Year-over-Year Comparison

	2024	2023	Change
Revenue	$32,899	$51,977	-0.4%
Expenses	$55,771	$53,488	+0.0%
Net Income	$-22,872	$-1,511	+14.1%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

N/A

Governance Policies

✓ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$406,764

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WILLIAM HAUGLAND	SECRETARY/TREASURER	0.00	Officer	$0	$0	$0
RYAN FORRESTEL	VICE CHAIRMAN	0.00	Officer	$0	$0	$0
MICHAEL J ELMENDORF	CURRENT PRESIDENT & CEO	1.00	Officer	$0	$68,494	$406,764
FRANK SUITS	CHAIRMAN	0.00	Officer	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	$32,899	$55,771	$2,136,791	$-22,872
2023	$51,977	$53,488	$1,981,596	$-1,511
2022	$39,449	$41,815	$1,844,880	$-2,366
2021	$141,290	$50,891	$2,062,332	$90,399
2020	$69,090	$42,373	$1,832,612	$26,717
2019	$35,815	$39,960	$1,685,847	$-4,145
2018	$69,423	$44,287	$1,500,059	$25,136

ASSOCIATED GENERAL CONTRACTORS OF AMERICA NEW YORK STATE CHAPTER INC